The analyst noted that Bitcoin found support at a critical technical cluster defined by a 0.618 extension and a specific 0.854 support level, a confluence that indicates buyers stepped in decisively. TARA emphasizes the significance of this hold, stating that if Bitcoin had dropped any lower, it would have “invalidated any short-term bullish scenarios.
Dr. Cat reminded followers of a prediction made roughly three weeks earlier, where the analyst stated that the market bottom should not be expected before October. That earlier analysis was grounded on the monthly chart.
